Governor Cuomo’s speech at a rally in defense of the Affordable Care Act included several questionable facts, exaggerations, or omissions. Read More
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Thursday’s budget hearing raised an eye-opening fact about the impact of increasing pharmaceutical costs on New York’s Medicaid program: Rebates reduce the state’s bottom line by almost half. Read More
New York adopted the millionaires’ tax in 2009. Shortly afterward, Paychex Inc. founder Thomas Golisano told Albany what he thought of it: He said he would move to Florida. Read More
Lawmakers should make reforms to New York's Health Care Reform Act taxes and fees instead of renewing them virtually unchanged, Bill Hammond testified. Read More
Nearly two-thirds of New York State’s tax receipts are now generated by the personal income tax, or PIT, which relies disproportionately on the highest-earning one percent of New York taxpayers. This paper presents charts and tables highlighting notable trends in state PIT data in light of proposals to extend or increase the state’s so-called “millionaire tax,” along with scheduled PIT rate reductions in tax brackets below the highest income levels. Read More
Pensions averaged $68,334 for teachers and other professionals who retired in school year 2015-16 after working at least 30 years in New York State public schools. Read More
Lawmakers should allow the state's surcharge on high incomes to expire because of its volatility as a revenue source and its impact on the state's competitiveness, E.J. McMahon, the Empire Center's research director, testified. Read More
The Empire Center’s unique online “Explore Your State Budget” app has been updated to reflect data in Gov. Andrew Cuomo’s proposed Executive Budget for the 2018 fiscal year, which begins April 1. Read More